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LiveMore joins Sesame and PMS lender panels

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  • 04/08/2022
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Later life specialist LiveMore has joined Sesame Bankhall Group and PMS’ lender panel, allowing their respective members to access products.

The lender currently offers fixed rate interest-only mortgages on five, seven, 10 or 20-year terms, as well fixed for life retirement interest-only products.

Sesame and PMS brokers can secure an ongoing procuration fee of 0.13 per cent every year for 15 years or the life of the mortgage if they make an annual call with the client to check if their circumstances have changed since their mortgage application.

Alison Pallett (pictured), LiveMore’s managing director of sales, said: “Sesame Bankhall Group is one of the largest distributors in the country and I’m so pleased its Sesame and PMS brokers can now access our products for people aged 50 to 90+.

“This part of the market is underserved with this age group often being told they are too old for a mortgage, which is incorrect in many cases. We take into account all income, not just salary, and people are over the moon when they find out they can take out an affordable mortgage.”

Stephanie Charman, strategic relationship director at Sesame Bankhall Group, said: “Over recent years the later life lending sector has seen significant growth and this trajectory is set to continue.

“We are delighted with the addition of LiveMore to our Sesame and PMS panels. Their innovative product proposition supports our members in providing a wider set of product solutions when reviewing a customer’s lending needs into later life.”

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